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Updated almost 9 years ago,
LLC dos and don'ts
Hi BP,
I currently invest in two different areas. One area has great cash flow the second has great appreciation value. My empire is grown vary fast. I currently have two LLC's. My question is when do you know if you need more than one LLC? Should I place my assets in the LLCs by investment locations or by property value amount? Example should I say once I have so much value and liability in one LLC move to the next one? Should I keep the two family units in one LLC and the 16 unit in the other? Thanks...